Does anyone know if you can do color space conversions with PSE3? I'm too cheap to buy PS CS (I'd rather spend the money on lenses and lights). Currently, I have to use several different applications to make the conversions and I am still not sure I am doing it correctly.

I meant converting from Adobe 1998 to sRGB. You can't (or at least I don't know to) do that with PSE 2. If it can be done with PSE 3, I will upgrade. If not, I will just start shooting and editing everything in sRGB or upgrade to PS CS, I guess.